tag:blogger.com,1999:blog-39471643077831415382019-09-14T11:10:39.241+01:00iBank Blog....the eagle eye on banking activitiesibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.comBlogger255125tag:blogger.com,1999:blog-3947164307783141538.post-81107470109363529532019-03-02T12:10:00.000+01:002019-03-02T12:10:40.919+01:008 things your bank will never ask you (but fraudsters will)
Fraudsters purporting
to be from your bank can be convincing, but there are some things your bank
will never ask you. Your bank will never ask for more than three digits from
your PIN to confirm your identity, for example.
New ways to bank – by telephone, the Internet and now your
mobile – have saved us a lot of time but have also opened up opportunities for
fraudsters.
Their tricks ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-32887719027859825382019-02-28T10:05:00.001+01:002019-02-28T10:05:49.298+01:00UBA expands presence in London, gets wholesale license
United
Bank for Africa Plc, UBA, announced yesterday that its London subsidiary has
obtained regulatory permission to carry out wholesale banking activities in the
United Kingdom, UK.
Following this authorization, UBA is now the
only Sub-Saharan African bank to conduct banking activities in New York and
London, as well as in 20 other countries across Africa.
Commenting
on the ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-23980069157464137562019-02-27T16:06:00.000+01:002019-02-27T16:06:07.768+01:00Sterling Bank Board Approves 2018 FY Results
The audited financial statements of Sterling Bank Plc for the
year ended December 31, 2018, have been approved by the board of directors of
the bank.
The financial results were okayed by the board at its meeting
held on Tuesday, February 26, 2019, in Lagos.
With the board approval, the company’s financial accounts
would now be forwarded to the Central Bank of Nigeria (CBN) for its ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-72244717940267382332019-02-26T09:37:00.000+01:002019-02-26T09:37:56.884+01:00Nigerian Equities Market Rebounds after Presidential Election
Nigeria’s stocks and bonds rose yesterday as investors
increased demand for securities following the conclusion of the presidential
election.
Investigation revealed that the Nigerian stock market, which depreciated 0.61
per cent last week, opened this week with a gain of 0.57 per cent yesterday.
Specifically, the Nigerian Stock Exchange (NSE) All-Share
Index rose to 32,700.12, fromibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-12155849375280178492019-02-25T12:57:00.000+01:002019-02-25T12:57:52.440+01:00First Bank rewards customers for using QR payment on the FirstMobile App
First Bank of Nigeria has said the bank’s ongoing Visa on
mobile (QR) payment promo will reward customers with various discounts for
using the QR payment on the FirstMobile App while carrying out transactions
with select partner merchants.
In a statement, the bank said the promo would end by the end
of February.
It stated, “The Visa QR payment on First Bank’s Firstmobile
is a ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-55287994594006920022019-02-22T11:34:00.000+01:002019-02-22T11:36:38.121+01:00Soldiers Shutdown Marina in Lagos As 15 Bullion Vans Cart Away Cash From Central Bank
Three days to the presidential elections, Marina, the thriving
urban centre of Lagos was shut down at 2pm by over 50 military men armed
to the teeth.
So much so that vehicular movement was prohibited, only
pedestrians were allowed on Customs street in Marina, Lagos.
According to eyewitnesses over 15 trucks, including bullion
vans were loaded with what looked like money from the ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-90348819330804463672019-02-21T12:31:00.000+01:002019-02-21T12:32:15.412+01:00Federal Government declares Friday public holiday, excludes bankers, others
The Federal Government has declared Friday, February 22,
2019, as a public holiday, in preparation for the February 23 Presidential and
National Assembly elections.
Minister of Interior, Lt. Gen. Bello Dambazau (retd), made
the declaration in Abuja on Wednesday.
The Ministry of Interior in a statement on Wednesday night by
the Permanent Secretary, Ministry of Interior, ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-28201228242806579312019-02-20T12:10:00.001+01:002019-02-20T12:10:59.242+01:00Court vacates detention order on defunct Skye Bank's ex-chairman
A Federal Capital Territory (FCT) High Court has set aside an
earlier order it granted the Economic and Financial Crimes Commission (EFCC) to
remand former chairman of the defunct Skye Bank, Tunde Ayeni, for 14 days.
The court, while vacating the order yesterday, held that the
anti-graft agency misled it into granting the application on account of
suppressed fact.
Justice Yusuf Halilu ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-26332976877198300962019-02-19T10:33:00.001+01:002019-02-19T10:33:49.258+01:00Polaris Bank takes financial inclusion to Niger State
Polaris Bank has entered into a
strategic partnership with the Niger State Government to help participants in
the supply value chain of the National Home-Grown School Feeding Programme
(NHGSFP) open bank accounts with the lender with ease.
Managing Director, Polaris Bank,
Tokunbo Abiru, said the decision to partner with the state government aligned
with the Federal Government’s ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-65270272070807454212019-02-18T14:50:00.000+01:002019-02-18T14:50:58.240+01:00Coronation MB, JP Morgan, Barclay and two others ranked amongst World’s Best Investment Banks
Global Finance magazine has named its 20th annual
World’s Best Investment Banks in an exclusive survey to be published in the
April 2019 issue. Winning organizations will be honoured at an awards ceremony
on the morning of October 19, 2019 at the National Press Club in Washington, DC
during the IMF/World Bank Annual Meetings.
J.P. Morgan was honored as the Best Investment Bank in ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-22833090760470686122019-02-17T09:08:00.000+01:002019-02-17T09:08:36.936+01:002019 General Election Postponement: Economic Implications
Following the postponement of the 2019 General Elections on
Saturday, 16th February 2019, Business Insider, Sub-Saharan Africa
looks at four economic implications of the postponement on the nation, the
individual and the economy.
1. Increased economic uncertainty
The postponement of the elections will further keep investors
away from the Nigerian market as fear and uncertainty ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-83982447628309447702019-02-15T11:37:00.001+01:002019-02-15T11:37:58.684+01:00NSE All-Share Index Rises 0.12% as Market Rebounds
After one day of negative performance the stock market
rebounded yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI)
gained 0.12 per cent to close at 32,453.69 compared with a decline of 15 per
cent. Market capitalisation added N14.0 billion to close at N12.1 trillion.
The market had on Wednesday depreciated due to profit taking
after days of rally that led to a gain of ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-89043215024502042542019-02-14T13:17:00.001+01:002019-02-14T13:17:07.782+01:00Former Ecobank manager remanded over alleged N411million fraud.
A Federal High Court in
Ikoyi, Lagos, yesterday remanded Ifeanyi Chukwu Azike, a former manager of
Ecobank Nigeria, over allegations of defrauding the bank’s customers of
N411million.
Azike, who was handed
over to the police by the investigative unit of the bank was arraigned before
Justice Ayotunde Faji by the Special Fraud Unit (SFU) of the Nigeria Police
Force on a ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-47071464298814940182019-02-13T09:50:00.000+01:002019-02-13T09:50:53.771+01:00WorldRemit introduces ‘low-cost online money transfers’ from South Africa to Nigeria.
WorldRemit, a digital money transfer service, has introduced
“low-cost online money transfers” from South Africa to Nigeria.
In a statement on Tuesday, the company said Nigerians
living in South Africa can now send money to all major Nigerian banks with a
few taps directly from their phones, using the WorldRemit app or website.
“The new digital service will reduce the cost of ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-35234162098852800672019-02-12T09:46:00.001+01:002019-02-12T09:46:36.525+01:00CBN sets new rules for banks planning to establish banking relationship with foreign lenders
NEW rules have been set by the Central Bank of Nigeria (CBN)
for banks planning to establish correspondent banking relationship with foreign
lenders.
The apex bank, in the Anti-Money Laundering/ Combating the
Financing of Terrorism (AML/CFT) Policy and Procedure Manual released yesterday
insisted that it will guard against establishing correspondent banking
relationships with high risk ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-78356010887711306172019-02-11T17:50:00.000+01:002019-02-11T17:50:01.470+01:00Central bank lists measures for anti-money laundering, combating financing of terrorism
The Central Bank of Nigeria (CBN) has warned employees of
financial institutions to avoid establishing relationships with individuals or
entities who may pose undue reputational risks to their organisations.
The regulator also warned staffers to protect banks’
integrity and fair dealing by ensuring that customers and transactions which
financial institutions engage in are legitimate.
ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-87443383892148988602019-02-08T10:24:00.000+01:002019-02-08T10:24:07.700+01:00GTBank Reaffirms Commitment to Digital Banking
The Group Chief
Executive Officer of the Guaranty Trust Bank GTBank) Plc, Mr. Segun Agbaje has
said the bank is committed to building a strong robust banking platform to
drive financial services and accommodate the effects of disruptive technology
in Nigeria. Agbaje said this at the 2019 edition of the Social Media Week in
Lagos recently.
Speaking at the event with a theme: “Building the ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-2815207207745046372019-02-06T10:40:00.001+01:002019-02-06T10:41:05.799+01:0010 Banks Facilitate N139trn Investment on FMDQ OTC Securities Exchange
GoddyEgene
Stanbic IBTC Bank Plc, Access Bank Plc, Ecobank Nigeria Limited led the top 10
banks that facilitated N139.13 trillion investment in fixed securities and
currency on the FMDQ OTC Securities Exchange in 2018.
The
10 banks accounted for 76.1 per cent of the N182.856 trillion total
transactions in the market in 2018, according data obtained by THISDAY.
However, Stanbic IBTC Bank ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-66554763996393527522019-02-04T11:10:00.000+01:002019-02-04T11:19:26.122+01:0047 million bank accounts go dormant
BANKING HALL
Economic hardship, BVN, others take blame Banks strategise
against worsening situation
MORE Nigerians have abandoned their bank accounts majorly due to economic
hardship caused by sluggish economic growth, rising job losses and
reduction in purchasing power occasioned by double digit inflation. Statistics
from the Nigeria Interbank Settlement System, NIBSS, showed that ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-75746200554411183082019-02-01T11:15:00.000+01:002019-02-01T11:15:01.606+01:00 UBA policeman beats up and attempts to stab aggrieved customer in the banking hall
UBA policeman beats up and attempts to stab aggrieved customer in the banking hall
.
.
A customer got a slap from a mobile police officer attached to a UBA branch at Charity bus stop, Abule egba, Lagos, today, for daring to complain about the difficulties he was experiencing with withdrawing his money.
.
.
According to eyewitnesses, the bank brought in the officer to get rid of the customeribankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-20064560899957035622019-01-31T10:54:00.001+01:002019-01-31T10:54:47.500+01:00Keystone Bank Introduces ‘Oxygen’ banking services
KEYSTONE BANK
Keystone Bank Limited has remained committed to empowering
the Nigerian populace with the introduction of the Chat-bot feature called
‘OXYGEN’ as part of its financial inclusion drive.
Oxygen is the lender’s interactive virtual banker that chats with customers and
carries out their banking transactions upon request. The feature which enables
banking on Telegram and Facebook isibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-40834904891414208602019-01-30T11:15:00.002+01:002019-01-30T11:15:47.261+01:00CBN to sanction banks, OFIs for e-payment infractions.
The
Central Bank of Nigeria head office, Abuja.
The Central Bank of Nigeria (CBN), yesterday, said it will
henceforth sanction banks and other financial institutions (OFIs) that violate
regulations guiding end-to-end electronic payment of salaries, pensions
and other remittances, suppliers and revenue collections.
The apex bank disclosed this in the Revised Guidelines for the transaction ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-22771891493542399272019-01-29T10:12:00.000+01:002019-01-29T10:12:49.942+01:00Banks Strategise for Increased Competition Ahead of PSBs
Obinna Chima
Some chief executive officers (CEOs) of commercial banks in the country have strategised for increased competition ahead of the Central Bank of Nigeria’s (CBN) proposed Payment Service Banks (PSBs), insisting that the proposed service banks would not eat deep into their market share in the retail banking space.
The CEOs indicated that even though the development would bringibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-4785537916418691342019-01-28T10:55:00.002+01:002019-01-28T10:55:57.819+01:00Tag a Bank you Know Based on Experience isn't Functional Enough!
That moment when banks employ amateurs!ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com0tag:blogger.com,1999:blog-3947164307783141538.post-9852439279574385282019-01-25T10:29:00.000+01:002019-01-25T10:29:00.748+01:00CBN to Introduce Tougher Capital Requirements for Banks
Mr
Godwin Emefiele answering questions during his screening by the Senate for
Central Bank Governorship in Abuja on Wednesday
By Yinka Kolawole & Elizabeth Adegbesan, with agency
report The Central Bank of Nigeria (CBN) said it will introduce new capital
requirements for banks in the second quarter of 2019, a move that
threatens to heap pressure on lenders already weighed down by bad loans.
ibankng.comhttp://www.blogger.com/profile/00439096751499896919noreply@blogger.com1